Home / Aerospace & defense / Aircraft Engine Market By Aircraft Type (Fixed Wing Aircraft, Rotary Wing Aircraft), By Engine Type (Turboprop, Turbofan, Turboshaft, Piston Engine), By End-User (Commercial Aircraft, Military Aircraft, Others) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

Aircraft Engine Market By Aircraft Type (Fixed Wing Aircraft, Rotary Wing Aircraft), By Engine Type (Turboprop, Turbofan, Turboshaft, Piston Engine), By End-User (Commercial Aircraft, Military Aircraft, Others) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

Published: Sep 2017 | Report Code: 58713-09-17

Aircraft engine can be defined as most vital parts of propulsion system which converts fuel energy into useful mechanical energy used to lift and propel the aircraft. Almost every aircraft except some hybrid or solar-powered aircraft use some form of the mechanical engine for their propulsion. A variety of aircraft engines are available for different end-use application aircraft including, passenger, cargo, military and aerospace applications. Air transport for passenger, cargo and military application has been on the rise consistently from past few decades. In order to fulfill the demand, a number of new aircraft are introduced continuously. With consistently rising demand for all the aforementioned end-user application, the aircraft engine market is also expected to grow in proportion to the demand for aircraft.

Rising fuel prices, strict emission norms and need of powerful engines have forced the aircraft engine manufacturers to upgrade their existing products. In order to fulfill the aforementioned demands, aircraft engine manufacturers are engaged to design and develop more sophisticated and efficient engines. Aircraft with better fuel injection systems and low noise emission is a result of perpetual technological development in the field of engine design. Manufacturing companies, OEM and airline companies are forming alliances and strategic partnership to develop better and economical engines for different end-use aircraft verticals. In addition, the companies are also striving to acquire contracts from government airline agencies and military organization to provide aircraft engines. Owing to breath-taking competition between airline companies and consistently growing demand for new aircraft, the overall aircraft engine market is expected to demonstrate a uniform growth throughout the forecast period.

Aircraft Engine Market

 

The report titled “Aircraft Engine Market- Growth, Future Prospects and Competitive Landscape, 2017-2025” offers strategic insights into the global aircraft engine market with a focus on the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of market segments based on engine type, aircraft type, end-user and cross-sectional study across different geographies. The study covers the comparative analysis of each sub-segment for the years 2016-2025. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities.

In order to help strategic decision makers, the report also includes competitive profiling of the leading aircraft engine manufacturing companies, their strategies, market positioning and key developments. Some of the major players profiled in the report include General Electric Company, Rolls-Royce Motor Cars Limited, Honeywell International Inc., United Technologies Corporation, Pratt & Whitney Division, Snecma S.A, Hindustan Aeronautics Limited, United Technologies Corporation, Safran, The Boeing Company, International Aero Engines AG, Engine Alliance LLC, Extron, Inc. and MTU Aero Engines AG.

Other in-depth analysis provided in the report includes:

Current and future market trends to justify the forthcoming attractive markets within the aircraft engine.
Market fuelers, market impediments, and their impact on the market growth
Market inclination insights and key trend analysis for aircraft engine market
In-depth competitive environment analysis
Trailing 2-Year market size data (2015 – 2016)
Overall, the research study provides a holistic view of the global aircraft engine market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global Aircraft Engine Market Snapshot
2.2. Global Aircraft Engine Market, By Engine Type
2.3. Global Aircraft Engine Market, By Aircraft Type
2.4. Global Aircraft Engine Market, By End-user
2.5. Global Aircraft Engine Market, By Geography

3. Global Aircraft Engine Market Analysis
3.1. Global Aircraft Engine Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
3.4. See-Saw Analysis
3.5. Attractive Investment Proposition
3.6. Market Positioning of Key Industry Participants
3.6.1. Major Strategies Adopted
3.6.2. Analyst Recommendations

4. Global Aircraft Engine Market Revenue, By Engine Type, 2015 – 2025 (US$ Mn)
4.1. Market Analysis
4.2. Turboprop
4.3. Turbofan
4.4. Turboshaft
4.5. Piston Engine

5. Global Aircraft Engine Market Revenue, By Aircraft Types, 2015 – 2025 (US$ Mn)
5.1. Market Analysis
5.2. Fixed Wing Aircraft Types
5.3. Rotary Wing Aircraft Types

6. Global Aircraft Engine Market Revenue, By Aircraft Types, 2015 – 2025 (US$ Mn)
6.1. Market Analysis
6.2. Commercial Aircraft
6.3. Military Aircraft
6.4. Others

7. North America Aircraft Engine Market Analysis, 2015 – 2025 (US$ Mn)
7.1. North America Aircraft Engine Market Revenue, By Engine Type, 2015 – 2025 (US$ Mn)
7.1.1. Turboprop
7.1.2. Turbofan
7.1.3. Turboshaft
7.1.4. Piston Engine
7.2. North America Aircraft Engine Market Revenue, By Aircraft Types, 2015 – 2025 (US$ Mn)
7.2.1. Fixed Wing Aircraft
7.2.2. Rotary Wing Aircraft
7.3. North America Aircraft Engine Market Revenue, By Aircraft Types, 2015 – 2025 (US$ Mn)
7.3.1. Commercial Aircraft
7.3.2. Military Aircraft
7.3.3. Others
7.4. North America Aircraft Engine Market Revenue, By Country, 2015 – 2025 (US$ Mn)
7.4.1. U.S.
7.4.2. Rest of North America

8. Europe Aircraft Engine Market Analysis, 2015 – 2025 (US$ Mn)
8.1. Europe Aircraft Engine Market Revenue, By Engine Type, 2015 – 2025 (US$ Mn)
8.1.1. Turboprop
8.1.2. Turbofan
8.1.3. Turboshaft
8.1.4. Piston Engine
8.2. Europe Aircraft Engine Market Revenue, By Aircraft Types, 2015 – 2025 (US$ Mn)
8.2.1. Fixed Wing Aircraft
8.2.2. Rotary Wing Aircraft
8.3. Europe Aircraft Engine Market Revenue, By Aircraft Types, 2015 – 2025 (US$ Mn)
8.3.1. Commercial Aircraft
8.3.2. Military Aircraft
8.3.3. Others
8.4. Europe Aircraft Engine Market Revenue, By Country, 2015 – 2025 (US$ Mn)
8.4.1. U.K.
8.4.2. Germany
8.4.3. France
8.4.4. Rest of Europe

9. Asia Pacific Aircraft Engine Market Analysis, 2015 – 2025 (US$ Mn)
9.1. Asia Pacific Aircraft Engine Market Revenue, By Engine Type, 2015 – 2025 (US$ Mn)
9.1.1. Turboprop
9.1.2. Turbofan
9.1.3. Turboshaft
9.1.4. Piston Engine
9.2. Asia Pacific Aircraft Engine Market Revenue, By Aircraft Types, 2015 – 2025 (US$ Mn)
9.2.1. Fixed Wing Aircraft
9.2.2. Rotary Wing Aircraft
9.3. Asia Pacific Aircraft Engine Market Revenue, By Aircraft Types, 2015 – 2025 (US$ Mn)
9.3.1. Commercial Aircraft
9.3.2. Military Aircraft
9.3.3. Others
9.4. Asia Pacific Aircraft Engine Market Revenue, By Country, 2015 – 2025 (US$ Mn)
9.4.1. Japan
9.4.2. China
9.4.3. India
9.4.4. Rest of Asia Pacific

10. Rest of World Aircraft Engine Market Analysis, 2015 – 2025 (US$ Mn)
10.1. Rest of World Aircraft Engine Market Revenue, By Engine Type, 2015 – 2025 (US$ Mn)
10.1.1. Turboprop
10.1.2. Turbofan
10.1.3. Turboshaft
10.1.4. Piston Engine
10.2. Rest of World Aircraft Engine Market Revenue, By Aircraft Types, 2015 – 2025 (US$ Mn)
10.2.1. Fixed Wing Aircraft
10.2.2. Rotary Wing Aircraft
10.3. Rest of World Aircraft Engine Market Revenue, By Aircraft Types, 2015 – 2025 (US$ Mn)
10.3.1. Commercial Aircraft
10.3.2. Military Aircraft
10.3.3. Others
10.4. Rest of World Aircraft Engine Market Revenue, By Region, 2015 – 2025 (US$ Mn)
10.4.1. Latin America
10.4.2. Middle-East and Africa

11. Company Profiles
11.1. General Electric Company
11.2. Rolls-Royce Motor Cars Limited
11.3. Honeywell International Inc.
11.4. United Technologies Corporation
11.5. Pratt & Whitney Division Snecma S.A
11.6. Hindustan Aeronautics Limited
11.7. United Technologies Corporation
11.8. Safran
11.9. The Boeing Company
11.10. International Aero Engines AG
11.11. Engine Alliance LLC
11.12. Extron Inc.
11.13. MTU Aero Engines AG

List of Tables

TABLE 1 Market Snapshot: Global Aircraft Engine Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America Aircraft Engine Market Revenue, By Engine Type, 2015 - 2025 (US$ Mn)
TABLE 5 North America Aircraft Engine Market Revenue, By Aircraft Types, 2015 - 2025 (US$ Mn)
TABLE 6 North America Aircraft Engine Market Revenue, By End-user, 2015 - 2025 (US$ Mn)
TABLE 7 North America Aircraft Engine Market Revenue, By Country, 2015 - 2025 (US$ Mn)
TABLE 8 U.S. Aircraft Engine Market Revenue, By Engine Type, 2015 - 2025 (US$ Mn)
TABLE 9 U.S. Aircraft Engine Market Revenue, By Aircraft Types, 2015 - 2025 (US$ Mn)
TABLE 10 U.S. Aircraft Engine Market Revenue, By End-user, 2015 - 2025 (US$ Mn)
TABLE 11 Rest of North America Aircraft Engine Market Revenue, By Engine Type, 2015 - 2025 (US$ Mn)
TABLE 12 Rest of North America Aircraft Engine Market Revenue, By Aircraft Types, 2015 - 2025 (US$ Mn)
TABLE 13 Rest of North America Aircraft Engine Market Revenue, By End-user, 2015 - 2025 (US$ Mn)
TABLE 14 Europe Aircraft Engine Market Revenue, By Engine Type, 2015 - 2025 (US$ Mn)
TABLE 15 Europe Aircraft Engine Market Revenue, By Aircraft Types, 2015 - 2025 (US$ Mn)
TABLE 16 Europe Aircraft Engine Market Revenue, By End-user, 2015 - 2025 (US$ Mn)
TABLE 17 Europe Aircraft Engine Market Revenue, By Country, 2015 - 2025 (US$ Mn)
TABLE 18 U.K. Aircraft Engine Market Revenue, By Engine Type, 2015 - 2025 (US$ Mn)
TABLE 19 U.K. Aircraft Engine Market Revenue, By Aircraft Types, 2015 - 2025 (US$ Mn)
TABLE 20 U.K. Aircraft Engine Market Revenue, By End-user, 2015 - 2025 (US$ Mn)
TABLE 21 France Aircraft Engine Market Revenue, By Engine Type, 2015 - 2025 (US$ Mn)
TABLE 22 France Aircraft Engine Market Revenue, By Aircraft Types, 2015 - 2025 (US$ Mn)
TABLE 23 France Aircraft Engine Market Revenue, By End-user, 2015 - 2025 (US$ Mn)
TABLE 24 Germany Aircraft Engine Market Revenue, By Engine Type, 2015 - 2025 (US$ Mn)
TABLE 25 Germany Aircraft Engine Market Revenue, By Aircraft Types, 2015 - 2025 (US$ Mn)
TABLE 26 Germany Aircraft Engine Market Revenue, By End-user, 2015 - 2025 (US$ Mn)
TABLE 27 Rest of Europe Aircraft Engine Market Revenue, By Engine Type, 2015 - 2025 (US$ Mn)
TABLE 28 Rest of Europe Aircraft Engine Market Revenue, By Aircraft Types, 2015 - 2025 (US$ Mn)
TABLE 29 Rest of Europe Aircraft Engine Market Revenue, By End-user, 2015 - 2025 (US$ Mn)
TABLE 30 Asia Pacific Aircraft Engine Market Revenue, By Engine Type, 2015 - 2025 (US$ Mn)
TABLE 31 Asia Pacific Aircraft Engine Market Revenue, By Aircraft Types, 2015 - 2025 (US$ Mn)
TABLE 32 Asia Pacific Aircraft Engine Market Revenue, ByEnd-user, 2015 - 2025 (US$ Mn)
TABLE 33 Asia Pacific Aircraft Engine Market Revenue, By Country, 2015 - 2025 (US$ Mn)
TABLE 34 China Aircraft Engine Market Revenue, By Engine Type, 2015- 2025 (US$ Mn)
TABLE 35 China Aircraft Engine Market Revenue, By Aircraft Types, 2015- 2025 (US$ Mn)
TABLE 36 China Aircraft Engine Market Revenue, By End-user, 2015- 2025 (US$ Mn)
TABLE 37 Japan Aircraft Engine Market Revenue, By Engine Type, 2015 - 2025 (US$ Mn)
TABLE 38 Japan Aircraft Engine Market Revenue, By Aircraft Types, 2015 - 2025 (US$ Mn)
TABLE 39 Japan Aircraft Engine Market Revenue, By End-user, 2015 - 2025 (US$ Mn)
TABLE 40 India Aircraft Engine Market Revenue, By Engine Type, 2015 - 2025 (US$ Mn)
TABLE 41 India Aircraft Engine Market Revenue, By Aircraft Types, 2015 - 2025 (US$ Mn)
TABLE 42 India Aircraft Engine Market Revenue, By End-user, 2015 - 2025 (US$ Mn)
TABLE 42 Rest of Asia Pacific Aircraft Engine Market Revenue, By Engine Type, 2015 - 2025 (US$ Mn)
TABLE 43 Rest of Asia Pacific Aircraft Engine Market Revenue, By Aircraft Types, 2015 - 2025 (US$ Mn)
TABLE 44 Rest of Asia Pacific Aircraft Engine Market Revenue, By End-user, 2015 - 2025 (US$ Mn)
TABLE 45 Rest of World Aircraft Engine Market Revenue, By Engine Type, 2015 - 2025 (US$ Mn)
TABLE 46 Rest of World Aircraft Engine Market Revenue, By Aircraft Types, 2015 - 2025 (US$ Mn)
TABLE 47 Rest of World Aircraft Engine Market Revenue, By End-user, 2015 - 2025 (US$ Mn)
TABLE 48 Rest of World Aircraft Engine Market Revenue, By Region, 2015 - 2025 (US$ Mn)
TABLE 49 Latin America Aircraft Engine Market Revenue, By Engine Type, 2015 - 2025 (US$ Mn)
TABLE 50 Latin America Aircraft Engine Market Revenue, By Aircraft Types, 2015 - 2025 (US$ Mn)
TABLE 51 Latin America Aircraft Engine Market Revenue, By End-user, 2015 - 2025 (US$ Mn)
TABLE 52 Middle-East and Africa Aircraft Engine Market Revenue, By Engine Type, 2015 - 2025 (US$ Mn)
TABLE 53 Middle-East and Africa Aircraft Engine Market Revenue, By Aircraft Types, 2015 - 2025 (US$ Mn)
TABLE 54 Middle-East and Africa Aircraft Engine Market Revenue, By End-user, 2015 - 2025 (US$ Mn)
TABLE 55 General Electric Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 56 Rolls-Royce Motor Cars Limited: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 57 Honeywell International Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 58 United Technologies Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 59 Pratt & Whitney Division: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 60 Snecma S.A: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 61 Hindustan Aeronautics Limited: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 62 United Technologies Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 63 Safran: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 64 The Boeing Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 65 International Aero Engines AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 66 Engine Alliance LLC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 67 Extron, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 68 MTU Aero Engines AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)

List of Figures

FIG. 1 Global Aircraft Engine: Market Segmentation
FIG. 2 Global Aircraft Engine Market: Research Methodology
FIG. 3 Top-Down and Bottom-Up Approach
FIG. 4 Global Aircraft Engine Market, By Engine Type, 2015 (US$ Mn)
FIG. 5 Global Aircraft Engine Market, By Aircraft Types, 2015 (US$ Mn)
FIG. 6 Global Aircraft Engine Market, By End-user, 2015 (US$ Mn)
FIG. 7 Global Aircraft Engine Market, By Geography, 2015 (US$ Mn)
FIG. 8 Global Aircraft Engine Market Revenue and Growth, 2015 - 2025, (US$ Mn and % Y-o-Y)
FIG. 9 See-Saw Analysis: Global Aircraft Engine Market
FIG. 10 Market Positioning of Key Industry Participants, 2015
FIG. 11 Global Aircraft Engine Market Revenue Contribution, By Engine Type, 2016 & 2025 (Value %)
FIG. 12 Global Turboprop Market Revenue and Growth, 2015 - 2025, (US$ Mn)
FIG. 13 Global Turbofan Market Revenue and Growth, 2015 - 2025, (US$ Mn)
FIG. 14 Global Turboshaft Market Revenue and Growth, 2015 - 2025, (US$ Mn)
FIG. 15 Global Piston Engine Market Revenue and Growth, 2015 - 2025, (US$ Mn)
FIG. 16 Global Aircraft Engine Market Revenue Contribution, By Aircraft Types, 2016 & 2025 (Value %)
FIG. 17 Global Fixed Wing Aircraft Types Remanufacturing Market Revenue and Growth, 2015 - 2025, (US$ Mn)
FIG. 18 Global Rotary Wing Aircraft Types Remanufacturing Market Revenue and Growth, 2015 - 2025, (US$ Mn)
FIG. 19 Global Aircraft Engine Market Revenue Contribution, By End-user, 2016 & 2025 (Value %)
FIG. 20 Global Aircraft Engine For Commercial Aircraft Market Revenue and Growth, 2015 - 2025, (US$ Mn)
FIG. 21 Global Aircraft Engine For Military Aircraft Market Revenue and Growth, 2015 - 2025, (US$ Mn)
FIG. 22 Global Aircraft Engine For Other Aircraft Market Revenue and Growth, 2015 - 2025, (US$ Mn)
FIG. 23 North America Aircraft Engine Market Revenue and Growth, 2015 - 2025, (US$ Mn) (Y-o-Y %)
FIG. 24 Europe Aircraft Engine Market Revenue and Growth, 2015 - 2025, (US$ Mn) (Y-o-Y %)
FIG. 25 Asia Pacific Aircraft Engine Market Revenue and Growth, 2015 - 2025, (US$ Mn) (Y-o-Y %)
FIG. 26 RoW Aircraft Engine Market Revenue and Growth, 2015– 2025, (US$ Mn) (Y-o-Y %)

The global aircraft engine market is segmented, based on aircraft type, into following categories:

  • Fixed Wing Aircraft
  • Rotary Wing Aircraft 

Aircraft Engine Market

As of 2016, the fixed wing was the dominating segment in terms of revenue in the overall aircraft engine market by wing type. Fixed wing aircraft generally includes airplanes and gliders with a small capacity. Fixed wing aircraft are extensively used in commercial aviation as well as for cargo application. In addition, fixed-wing aircraft are also used for fighter planes for defense applications. With a wide variety of end-use applications and consistently growing demand for the aforementioned application, the market for the fixed-wing aircraft is expected to dominate the segment throughout the forecast period.

Rotary wing aircraft engine trailed the fixed-wing aircraft market in the base year of 2016. Rotary wing aircraft or helicopters are used for a wide array of applications such as commercial air transport, emergency medical transport, rescue operations and many other military and defense applications. The growing demand for the all the aforementioned applications has promoted the rotary wing aircraft from past decades. Consequently, the demand for engines for a rotary aircraft engine is expected to grow consistently in the following years.

The global aircraft engine market is segmented, based on engine type, into following categories:

  • Turboprop
  • Turbofan
  • Turboshaft
  • Piston Engine

Aircraft Engine Market

As of 2016, turbofan engine dominated the overall aircraft engine market in terms of revenue. The turbofan engines are commonly used for civil and commercial aircraft. Perpetual development in the field of civil aviation and aircraft engine has been observed from past few years. This has drawn the attention of many major airline companies to invest in advanced turbofan engines. The demand for such engines is rising consistently due to its fuel economy and reliability of the engines. Owing to the aforementioned factors, the market for the turbofan engine is expected to grow throughout the forecast period.

Turboshaft engines trailed the turbofan engine in terms of revenue in the overall aircraft engine market in the base year of 2016. Turboshaft engines are extensively used in helicopters. Consistently rising demands for helicopters for a variety of end-use applications including commercial aviation, medical services, emergency and rescue operations and military applications has boosted the demand for the turboshaft engines. The engines are small and economical compared to other aircraft engines. Owing to the features and versatility offered by the helicopters, the market for the turboshaft engine is expected to demonstrate a consistent growth in the following years.

The global aircraft engine market is segmented, based on end-user, into following categories:

  • Commercial Aircraft
  • Military Aircraft
  • Others
     

Aircraft Engine Market

Consistently growing trade and passenger transport among different countries has boosted the commercial aviation industry significantly. Blooming aviation industry has generated the demand for new and advanced aircraft. Manufacturers are continuously engaged in the enhancement of current engines for more economical and comfortable aviation experience. With the perpetual growth of commercial aviation, the market segment is expected to dominate the overall aircraft engine market throughout the forecast period. As of 2016, commercial aircraft engine segment dominated the overall aircraft engine market.

Military aircraft engine segment trailed the commercial aircraft engine segment in the base year 2016. Military and defense organization across the globes are consistently strengthening their air-force defense system by adding new and improved version of fighter aircraft and helicopters. Rising terrorist activities and territorial disputes among nations have forced the nation to incorporate state of the art air defense system including fighter aircraft and helicopters. Subsequently, the military aircraft engine segment is expected to grow at a significant rate in the following years.  

The global aircraft engine market has been segmented, on the basis of geographical regions, as per following regions and countries:

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Rest of the World (RoW)
    • The Middle East and Africa
    • Latin America

Aircraft Engine Market


As of 2016, North America dominated the overall aircraft engine market in terms of revenue as well as in volume. A consistent rise in the aviation industry has been observed in the past few years in North America especially in the U.S. Rising trade activities and passenger transportation has encouraged the growth of aviation industry. Consequently, the demand for the aircraft engines has uplifted significantly. In addition, strengthening of the defense capabilities of new and advanced aircraft has also aided the overall aircraft engine market to flourish in this region. North America is expected to dominate the overall aircraft engine market throughout the forecast period during 2017 to 2025.

Europe trailed North America in the overall aircraft engine market in terms of revenue and volume. The heavy concentration of industrial manufacturing and established market has boosted the trade significantly, within and outside of the European region. Use of aircraft for cargo transportation has uplifted the aviation industry in this region. In addition, tourism in this region has also escalated the passenger transport through aircraft. With the growth in the aviation industry, the market for an aircraft engine is also expected to show a significant growth in coming years.

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